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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 153,000 1 63,000 2 76,000 3 60,000 Requirement

A firm evaluates all of its projects by applying the IRR rule.

Year Cash Flow
0 $ 153,000
1 63,000
2 76,000
3 60,000
Requirement 1:

What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Internal rate of return %
Requirement 2:
If the required return is 13 percent, should the firm accept the project?
Yes or No

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